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Question: How do monopoly prices and quantities produced differ from perfectly competitive outcomes, all ot...

Show transcribed image text How do monopoly prices and quantities produced differ from perfectly competitive outcomes, all other things equal? Select one: a. Monopoly prices and quantities are both higher than competitive outcomes. b. Monopoly prices and quantities are both lower than competitive outcomes. c. Monopoly prices are lower than competitive prices but monopoly quantities are higher than competitive quantities. d. Monopoly prices are higher than competitive prices but monopoly quantities are lower than competitive quantities.

How do monopoly prices and quantities produced differ from perfectly competitive outcomes, all other things equal? Select one: a. Monopoly prices and quantities are both higher than competitive outcomes. b. Monopoly prices and quantities are both lower than competitive outcomes. c. Monopoly prices are lower than competitive prices but monopoly quantities are higher than competitive quantities. d. Monopoly prices are higher than competitive prices but monopoly quantities are lower than competitive quantities.